Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Treasury Yields Fall

Gold

Gold tests new highs as traders stay bullish. Trade wars and falling Treasury yields serve as key positive catalysts for gold markets.

Traders should note that RSI is in the overbought territory, so the risks of a pullback are rising.

Silver

Silver moved towards the $32.50 level as traders focused on the strong performance of gold markets.

If silver settles above the resistance at $32.75 – $33.00, it will move towards the next resistance level, which is located in the $34.50 – $34.85 range.

Platinum

Platinum continues to rebound from recent lows amid rising demand for precious metals.

If platinum stays above the $1010 level, it will move towards the resistance at $1025 – $1030.

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